47,058 Shares in PG&E Co. (NYSE:PCG) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in PG&E Co. (NYSE:PCG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,058 shares of the utilities provider's stock, valued at approximately $950,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in PG&E by 68.3% in the fourth quarter. Versant Capital Management Inc now owns 1,543 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 626 shares during the period. Commerce Bank grew its stake in shares of PG&E by 1.5% during the 3rd quarter. Commerce Bank now owns 47,051 shares of the utilities provider's stock valued at $930,000 after buying an additional 712 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in shares of PG&E by 4.6% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 16,337 shares of the utilities provider's stock worth $330,000 after buying an additional 715 shares during the last quarter. Continuum Advisory LLC raised its position in shares of PG&E by 11.4% in the 3rd quarter. Continuum Advisory LLC now owns 7,501 shares of the utilities provider's stock worth $157,000 after buying an additional 769 shares during the period. Finally, iA Global Asset Management Inc. boosted its holdings in PG&E by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 31,545 shares of the utilities provider's stock valued at $624,000 after acquiring an additional 812 shares during the last quarter. Institutional investors and hedge funds own 78.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PCG shares. BMO Capital Markets initiated coverage on PG&E in a research note on Monday. They set an "outperform" rating and a $21.00 price target for the company. Jefferies Financial Group initiated coverage on shares of PG&E in a research report on Monday, October 14th. They set a "buy" rating and a $24.00 target price for the company. Barclays cut their price target on shares of PG&E from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Mizuho boosted their price objective on shares of PG&E from $24.00 to $26.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised their target price on shares of PG&E from $19.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.64.

PG&E Stock Up 0.5 %

Shares of PCG stock traded up $0.08 on Thursday, hitting $16.95. The stock had a trading volume of 27,807,703 shares, compared to its average volume of 34,971,977. PG&E Co. has a 52-week low of $15.94 and a 52-week high of $21.72. The firm has a market capitalization of $44.32 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.20 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.99 and a current ratio of 1.04. The stock's 50 day moving average is $20.13 and its 200-day moving average is $19.47.

PG&E (NYSE:PCG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. PG&E had a net margin of 11.11% and a return on equity of 12.51%. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm's revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts expect that PG&E Co. will post 1.36 earnings per share for the current year.

PG&E Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.025 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from PG&E's previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a yield of 0.59%. PG&E's payout ratio is currently 7.81%.

Insider Buying and Selling at PG&E

In related news, CEO Patricia K. Poppe sold 55,555 shares of PG&E stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.66, for a total value of $1,147,766.30. Following the completion of the sale, the chief executive officer now owns 1,460,222 shares in the company, valued at approximately $30,168,186.52. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by corporate insiders.

PG&E Company Profile

PG&E Corp. operates as a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in Oakland, CA.